(Bloomberg) — American International Group Inc., the largestcommercial insurer in the U.S. and Canada, named Michael Brady tothe new post of chief technology officer as Chief Executive OfficerPeter Hancock works to modernize the company.
|Brady worked most recently as head of infrastructure at KaiserPermanente, the nonprofit health insurer and hospital operator,according to a memo from AIG Chief Information Officer Phil Fasano.At AIG, he'll work with technology companies and concentrate onapplications development.
|[Related: Robert Benmosche, who led AIG in repaying bailout,dies at 70]
|"Mike's first priority will be to focus on immediateimprovements to our performance, making sure that our employees'work experience is as productive and free of technologicalobstacles as possible," according to the memo from Fasano, whojoined last year from Kaiser and will supervise Brady.
|Hancock has worked to simplify the insurer since taking over asCEO in September. He brought on Fasano, also from Kaiser, and saidin February that staff would switch to Apple Inc. iPhones fromBlackBerry Ltd. devices. The CEO said in a letter last month thathe might sell some operations.
|"From a conglomerate of businesses, largely operated as silos,to a core group of insurance businesses run by a central leadershipteam, AIG has greatly simplified and de-risked its structure overthe past several years," Hancock said in March in his annual letterto shareholders.
|Brady previously led infrastructure teams at companies includingCitigroup Inc. and Merrill Lynch, according to the memo.
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